Mediagazer: Carlos Watson says Ozy Media is not shutting down after having “good conversations” with investors and advertisers and Friday's announcement was “premature” (Jessica Bursztynsky/CNBC)

7:50 AM ET, October 5, 2021

Top News:

Jessica Bursztynsky / CNBC:

Carlos Watson says Ozy Media is not shutting down after having “good conversations” with investors and advertisers and Friday's announcement was “premature” — - Ozy Media isn't shutting down, CEO and co-founder Carlos Watson told CNBC on Monday.

Discussion: @todayshow, New York Times, Nieman Lab, @benyt, Axios, @sarafischer, CNN, The Hollywood Reporter, @sarafischer, Defector, @mccarthyryanj, @brianstelter, @alexweprin, Poynter, TODAY.com, @sarafischer, @sarafischer, @sarafischer, @alexweprin, @sarafischer, @digitalshields, @bmorrissey, Quartz, @jason_kint, @brianstelter, @alexyoung, @millie, @film_girl, Sydney Morning Herald, @brianstelter, @andrewpauljoyce, Forbes, @jbarro, @craigsilverman, The Wrap, @benyt, @sherman4949, @brianstelter, @brianstelter, @jayrosen_nyu, @cnbc, @craigsilverman, Variety, bookforum.com, RAIN News, @sherman4949, @nycjim, Variety, @maxwelltani, @squawkcnbc, Substack, @jeremymbarr, @_cingraham, @chrislhayes, @goldietaylor, @neontaster, Vanity Fair, @marisakabas, @sarafischer, @sarafischer, @phkeane, @danprimack, @alexweprin, @kaidiekmann, @tomgara, @mathewi, @noahshachtman, @juddlegum, Ad Age, @joefav, TVNewser, @digitalshields, @kerrymflynn and Insider

Ben Smith / New York Times:

How the charm of Ozy's chief, Carlos Watson, helped persuade investors into putting millions toward a media dream before conducting sufficient due diligence — The story behind the story is about the elite investors who plowed millions into a media dream without much due diligence, persuaded by the charm of Ozy's head, Carlos Watson.

Discussion: Axios, Columbia Journalism Review, @craigsilverman, TODAY.com, @craigsilverman, Mediaite, @benyt, Bloomberg, @craigsilverman, Media Voices, @sarafischer, @talkopan, @ketanj0, Boing Boing, @youngsinick, @byjoelanderson, @rolandsmartin, @jamesrbuk, @benyt, @benyt, Today in Tabs, @lyssaslounge, The Commercial Experience, @heerjeet, @nkulw, insideradio.com, @rameeztase, @trungtphan, Newser, @craigsilverman, New York Magazine, @reckless, @mattwelch, @jduffyrice, @jdesmondharris, @chrisecrowley, @jeremymbarr, @craigsilverman, @craigsilverman, @craigsilverman, @craigsilverman, @craigsilverman, @craigsilverman, @craigsilverman, @jodyavirgan, @geedee215, @amlwhere, @gentlemanstimes, @lpolgreen, @daveweigel, @jeremymbarr, @felixsalmon, @jessicalessin, @donlday, @justinjm1, @akbarth3great, @jswatz, @annehelen, @jswatz, @bendwalsh, @escarry, @sharonwaxman, @aymanm, @oliverdarcy, @sonnybunch, @davepell, @ccadelago, @vivian, @benyt, nexttv.com, YouTube and Tourist Trapp

Eugene S. Robinson / Look What You Made Me Do:

Ozy's former editor-at-large recalls Carlos Watson's abusive management style and says there was a white Ozy and a Black Ozy, where employees were treated worse — “And in regards to your little music thing...” It was both a dressing down, very possibly Dressing Down #37, and a pep talk.

Discussion: @matthaber, @byjoelanderson, @brosandprose, @jdesmondharris, @isabelslone, @razibkhan, @delecewrites, @blakehounshell, @annamerlan, @imgarysuarez, @mjrobbins, @kausmickey, @rachelsklar and @seamushughes

Craig Silverman / @craigsilverman:

[Thread] A look at why Ozy failed as a paid media company and has become a perfect, cautionary illustration of paid versus earned media — The Ozy Media meltdown has a lot of lessons. As the reporter who caught them buying junk traffic in 2017, I'm biased. But I see it as a perfect, cautionary illustration of Paid versus Earned media. So: a 🧵 on why Ozy failed as a paid media company — and why it matters.

Discussion: Mediaite, @espiers, @craigsilverman, @jayrosen_nyu, New York Times and @pomeranian99

Sara Fischer / Axios:

Sources: Ozy inflated its numbers by buying most of its social media following and viewership for some shows, then used the numbers in pitches to TV networks — The downfall of Ozy Media and its charismatic founder Carlos Watson will go down as one of the most sudden media collapses of all time.

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Wall Street Journal:
Sources: Kelly Campbell was upset about losing some oversight, including over Hulu's scripted content, amid Disney's restructurings and cost-saving measures

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Charlotte Tobitt / Press Gazette:

Filings: The Spectator doubled pre-tax profits to £1.6M in 2020, as turnover rose 15% to £16.3M and subs grew 40%, compensating for lost newsstand and ad sales — The Spectator more than doubled its pre-tax profits in 2020 as a 40% boost to subscriber numbers balanced out challenges …

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